In an age of instant communication with emails, text mesages and cell phones, when it comes to real estate contracts, the notion of what is ‘timely’ takes on a new meaning.
In an unusual case, a judge decided that a woman’s $100,000 deposit on a $1.5 million Toronto home was forfeit because her lawyer didn’t see a fax on her machine that could have saved the deal from falling through. Judge Sidney Lederman ruled, in a February 20, 2013 ruling that a busy lawyer should monitor correspondence until 6 pm.
Read Full Article Courtesy of Thestar.com
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